Any inputs on trading news releases using currency futures as instrument ? I,ve read in one of the searches, that account funds are secured against bankrupcy of the firm, is that correct with all firms US based or otherwise ? Do you experience widening spread & slippage during high volatility ? My forex trading with a MM (OANDA) has been a good expirience. But, as i'm becoming profitable & my trading style is closer to scalping i think it wise to look for alternatives. Any suggestions on brokers etc ? Thank you in advance.
I may have suggention about Forex. could you explain a little about trading news releases using currency futures as instrument ? what is slippage? can you give me difinition here. I am not familiar with it in English.
Hi fighter, trading news releases in forex i use 1 min charts, cnbc for the number (allthough thats not always important), & immediate levels of support & resistance. Slippage means that your market order gets filled at a higher/lower range than normal because price is moving too fast. You can choose the range of your market order, but it would never get filled in a fast moving market. Hope that explains it & thank you for your reply.